Companies that deliver corporate training can boast a 218% higher income per employee and a 24% higher profit margin than those who don’t. Investing in employee training and development, when done well, is profitable.
However, corporate learning is changing rapidly. If you’re still betting on in-person training, making coaches fly to your affiliates and host instructor-led sessions after work, you’re stuck in the past. The ability to learn anytime and anywhere is a better fit for employees and partners. A corporate LMS is what enables the “anytime, anywhere”, and more.
Let’s have a look at what a corporate LMS is, and how your business can benefit from it.
What is a corporate LMS?
A corporate learning management system is software for delivering online courses and other learning content to your employees. It helps onboard new employees, then get them the knowledge and skills required to perform their roles, and, ultimately, advance faster in their careers. (If you like, you can learn more about how an LMS works and how to organize training with an LMS.)
Here are five reasons why you need a corporate LMS:
You can save your company money, since there are no more travel, accommodation, and instructor costs, or expensive training conferences.
The learning experience is no longer bound to a classroom. Employees can take courses at their own pace, wherever and whenever it’s convenient.
A learning platform allows you to train the staff from different locations at no extra cost.
You can reduce senior employees’ workload to cut down the amount of face-to-face mentoring.
It’s easy to keep track of who has completed a course and how well they performed.
How can a corporate LMS help your business?
New Hire Orientation
With a corporate LMS, you can put most of your employee induction training on autopilot. You only need to create a core training program once, and then assign it to all new hires. An orientation program is usually prepared by an HR manager on the following topics: